One of the most enlightening gatherings in the financial world is Berkshire Hathaway’s annual meeting. Speaking to his shareholders on Sunday, CEO Warren Buffett discussed the “unexplored opportunities” in India and stated that the upcoming management will determine whether to make investments in the Asian nation.
Warren Buffett was questioned if Berkshire Hathaway is actively looking for possibilities in India by Rajeev Agarwal of DoorDarshi Advisors. In response, the nonagenarian investor listed the “loads of opportunities” that India offers, but he left the decision to be made by future management.
“In India, I am sure that there are loads of opportunities in a place like India, and the question is do we have any advantage, in either insight into those businesses or contacts that will make possible for some transactions that participants in India would particularly want us to participate,” Warren Buffett stated in a Berkshire Hathaway’s yearly meeting.
“I would say that’s something that more energetic management at Berkshire could pursue because we do have a reputation now and are known around the world, and our Japanese experience has been fascinating. In that respect, there may be unexplored or unattended opportunities and areas (in India),” the expert added.
“We will see how the next management plays the game out at Berkshire, and fortunately, you don’t have too long to wait on that generally,” he wrapped up.
India’s growth trajectory
India’s economy is still expanding at the highest rate in the world, as seen by the enormous 8.4% GDP growth it had from October to December.
With the country’s sizable consumer market, the government’s emphasis on economic reforms, and this strong economic development, Berkshire Hathaway and other multinational corporations may find appealing investment prospects.
